Avaloq has launched Avaloq Software Exchange to boost innovation in the Avaloq Community, which consists of nearly 150 banks and wealth managers managing assets worth $3.9 trillion.
According to the company, the new platform will connect providers of software for digital banking with financial institutions that intend to create advanced digital experience based on the Avaloq Front.
It will provide additional functionality to support increased client engagement, to ensure consistent client experience and to drive the potential of new business opportunities.
"All offerings in the Avaloq Software Exchange will integrate to the Avaloq Front, so banks and wealth managers can shorten implementation projects and achieve faster time to market for new digital offerings," Avaloq said in a statement.
The launch partners for the Avaloq Software Exchange include ti&m, edorasware, K&W Software and unblu.
Also, Avaloq recently partnered with swissnex San Francisco to identify the most exciting start-ups in finance and technology and to bolster its presence in the Silicon Valley.
Commenting on the launch, Avaloq CEO Francisco Fernandez said: "Innovation is essential in enabling financial organisations to remain competitive and grow amidst the digital revolution that is currently taking place in the industry. The Avaloq Software Exchange will make it easy for our customers to get access to cutting-edge next generation financial technology."